Titan International (NYSE:TWI) Stock Price Up 5.6% – Time to Buy?

Titan International, Inc. (NYSE:TWI)’s share price traded up 5.6% during trading on Thursday . The company traded as high as $8.82 and last traded at $8.93. 90,042 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 647,301 shares. The stock had previously closed at $8.45.

Analyst Ratings Changes

Several research firms have weighed in on TWI. DA Davidson initiated coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Titan International in a research report on Thursday. They set an “overweight” rating and a $11.00 price target on the stock. Finally, StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Titan International Stock Up 8.5 %

The business’s 50 day simple moving average is $8.29 and its 200-day simple moving average is $7.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The company has a market cap of $579.21 million, a price-to-earnings ratio of -76.33 and a beta of 1.77.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of Titan International by 31.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after buying an additional 388,864 shares in the last quarter. Metis Global Partners LLC bought a new stake in Titan International in the third quarter worth approximately $119,000. Empowered Funds LLC increased its stake in shares of Titan International by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 297,142 shares of the industrial products company’s stock worth $2,416,000 after purchasing an additional 15,142 shares during the last quarter. Quest Partners LLC bought a new position in shares of Titan International during the 3rd quarter valued at $159,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Titan International in the 3rd quarter valued at $117,000. 80.39% of the stock is owned by institutional investors and hedge funds.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.